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RBC Urges Shareholders to Reject TRC Capital’s Below-Market Mini-Tender Offer

Story Highlights
  • Royal Bank of Canada reported on January 22, 2026 that TRC Capital Investment launched an unsolicited mini-tender for up to 500,000 RBC shares at CAD $224.00, about 4.5% below the prior market price.
  • RBC, citing longstanding regulatory concerns about mini-tenders, disavowed any ties to TRC Capital, recommended shareholders reject the below-market offer, and urged investors and intermediaries to exercise caution and review official guidance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RBC Urges Shareholders to Reject TRC Capital’s Below-Market Mini-Tender Offer

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Royal Bank Of Canada ( (TSE:RY) ) has shared an announcement.

On January 22, 2026, Royal Bank of Canada disclosed that it had received an unsolicited mini-tender offer from TRC Capital Investment Corporation to acquire up to 500,000 RBC common shares—about 0.036% of outstanding shares—as of January 13, 2026, at CAD $224.00 per share, a price roughly 4.5% below the prior-day closing market price of CAD $234.56. RBC firmly rejected and did not endorse the below-market, small-scale bid, emphasized it has no affiliation with TRC Capital Investment, and urged shareholders not to tender their shares while directing investors and market participants to regulatory guidance from Canadian and U.S. securities authorities, which have long warned that mini-tender offers can circumvent standard disclosure rules and may catch investors off guard if they fail to compare offer prices with current market levels.

The most recent analyst rating on (TSE:RY) stock is a Buy with a C$242.00 price target. To see the full list of analyst forecasts on Royal Bank Of Canada stock, see the TSE:RY Stock Forecast page.

Spark’s Take on TSE:RY Stock

According to Spark, TipRanks’ AI Analyst, TSE:RY is a Outperform.

The score is driven primarily by solid financial performance and a positive earnings outlook (record results, stronger ROE targets, dividend raise and buybacks), tempered by higher leverage and credit-cycle risks. Technicals remain supportive but are near overbought levels, while valuation is reasonable with a moderate dividend yield.

To see Spark’s full report on TSE:RY stock, click here.

More about Royal Bank Of Canada

Royal Bank of Canada is a global financial institution and Canada’s largest bank by market capitalization, offering diversified banking, wealth management and capital markets services to more than 19 million clients in Canada, the U.S. and 27 other countries. With over 100,000 employees and a focus on innovation and client experience, RBC positions itself as a purpose-driven bank supporting clients and communities through a broad range of financial solutions and community initiatives.

Average Trading Volume: 3,551,570

Technical Sentiment Signal: Buy

Current Market Cap: C$324.7B

For detailed information about RY stock, go to TipRanks’ Stock Analysis page.

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